Global Climate Pact Wins Approval
Posted on Feb 15, 2007
A British-led group of legislators from around the world has agreed to a nonbinding declaration meant to lay the groundwork for a Kyoto Protocol replacement. While the statement will have no enforceability, organizers hope the agreement will spur momentum after U.N. talks stalled in November.
Delegates agreed that developing countries will have to face targets for cutting greenhouse gas emissions as well as rich countries.
The informal meeting also agreed that a global market should be formed to cap and trade carbon dioxide emissions.
The non-binding declaration is seen as vital in influencing a replacement for the Kyoto Protocol, correspondents say.
The forum’s closing statement said man-made climate change was now “beyond doubt”.
“Climate change is a global issue and there is an obligation on us all to take action, in line with our capabilities and historic responsibilities,” said the statement from the Global Legislators Organisation for a Balanced Environment (Globe).